G7 countries ban Russian gold in response to Ukrainian war


President Joe Biden announced on Sunday that a group of seven countries will ban Russian gold in response to an ongoing conflict in Ukraine.

“The United States has imposed an unprecedented cost on Putin to deny him the income needed to fund the war with Ukraine,” Biden said. Said Sunday. “Together, the G7 announces a ban on Russia’s gold imports, which is a major export that earns tens of billions of dollars for Russia.”

According to the White House, the official announcement is scheduled for Tuesday.

Biden and other world leaders meet on the first day of Sunday’s summit to discuss ways to secure energy supplies and tackle inflation, and the effects of Russia’s invasion of Ukraine are working to punish Moscow globally. We aim not to divide the coalition.

According to the White House, gold has been one of Russia’s top exports after energy in recent years, reaching about $ 19 billion in 2020, or about 5 percent of the world’s gold exports. The United States imported less than $ 200 million in gold from Russia in 2019 and less than $ 1 million in 2020 and 2021.

An adviser to the office of Ukrainian President Volodymyr Zelensky said earlier Sunday that Russian missiles attacked an area of ‚Äč‚ÄčKieu and killed at least one person.

“Russians attacked Kyiv again. Missiles damaged apartment buildings and kindergartens. Russia should be nominated as a national supporter of terrorism as soon as possible,” adviser Andrie Jermac said. I have written On Twitter, Ukraine “has a terrible need for a modern missile defense system,” he added.

Also on Sunday, British Prime Minister Boris Johnson seemed to be paying attention to the lack of attention focused on Ukraine, especially in the decades, in the midst of high inflation and gas prices.

CNN’s Jake Tapper asked Johnson the main question about the United States and the West “Can so many Western countries fight Ukrainian fatigue when so many Western countries are suffering from real problems in the country?” .. And are you worried that the war in Ukraine and rising energy prices could cause the people of Britain? [and] In the United States, we say, “What do you know, isn’t it worth it?”

Johnson replied that if Russian President Vladimir Putin succeeds, it is “absolutely devastating” and it is “worthy” to continue to provide support to Ukraine. Since the conflict began on February 24, the United States has provided Ukraine with tens of billions of dollars in military aid.

Johnson mentioned the White House’s $ 46 billion pledge to support Ukraine and “argues it’s a price worth paying,” he told the outlets.

US Secretary of State Antony Blinken said the Associated Press said that Western sanctions on Russia against the invasion of Ukraine had a “serious effect.” [Russia] You can’t get oil income at a higher price and use them for export control. “

“We don’t have what we need to modernize our defense sector, modernize our technology, and modernize our energy exploration, which means that each of these areas will decline over time,” Moscow said. rice field.

The Associated Press contributed to this report.

Jack phillips


Jack Phillips is the latest news reporter for The Epoch Times, based in New York.